SCM FOR ENERGY AND UTILITY
The global Energy and Utility industries are undergoing significant transformation as they shift away from fossil fuels toward sustainable, renewable sources to address sustainability goals, reduce pollution and achieve climate targets in line with ESG.
These changes are driving a profound evolution in Procurement and Supply Chain, disrupting influential knowledge. They are intensified by natural disasters, Supply Chain disruptions, regulatory changes and emerging technologies. Enterprises are increasingly required to be agile, balancing financial performance with safety, reliability, quality and rising customer expectations.
We EMT SCM, empowering Procurement and Supply Chain services and solutions to Energy and Utility organizations for future-ready, scalable and sustainable.
Our Approach towards the Energy and Utility
Our professional Solution and Services for your enterprise with multi-prong approach through tools and techniques.
- Renewable Energy Transition – There’s a notable shift towards renewable sources like solar, wind and hydropower driven by sustainability objectives, regulatory incentives and advancements in renewable technology
- Advancements in Energy Storage – Development of sophisticated energy storage solutions such as batteries and grid-scale systems is critical for managing intermittent renewable sources and ensuring grid stability
- Digital Transformation and Smart Grids – Integration of digital technologies and smart grid solutions is optimizing energy distribution, enhancing operational efficiency and enabling real-time monitoring and control
- Decentralized Energy Generation – The rise of Distributed Energy Resources (DERs) like rooftop solar and microgrids is decentralizing energy production, reducing reliance on centralized plants and bolstering energy resilience
- Electric Vehicle Infrastructure – Increasing adoption of electric vehicles is spurring infrastructure expansion, including charging stations and grid upgrades to meet rising electricity demand from transportation
- Energy Efficiency and Demand Management – The focus on energy efficiency initiatives and demand response strategies is curbing overall energy usage, cutting costs and better managing peak demand periods
- Climate Resilience Strategies – Utilities are intensifying efforts on climate resilience to mitigate risks from severe weather events and ensure uninterrupted service amidst climate change challenges
- Evolution of Regulatory Frameworks – Ongoing evolution of local, national and global regulations is pivotal in shaping energy policies, influencing investment decisions and promoting sustainable practices
- AI and IoT Integration – Utilization of AI and IoT technologies for predictive maintenance, energy optimization and asset management is revolutionizing operational practices within the industry
- Focus on Sustainability and ESG – Energy companies are increasingly emphasizing Environmental, Social and Governance (ESG) criteria, embedding sustainability goals into their core strategies and enhancing transparency in reporting practices
EMT SCM provides a holistic and integrated range of solutions.
- Opportunity assessments
- Category management
- Supplier performance management
- End-to-End, Source-to-Pay (S2P) and Supply Chain processes
These solutions are designed to effectively tackle the intricate challenges faced by Energy and Utility organizations.